Databricks raises $5 billion in fresh funding, catapulting its valuation to $190 billion as the AI data powerhouse surpasses $7 billion in annual revenue run rate with over 80% year-over-year growth, fueled by explosive demand for AI agents and enterprise platforms.
Databricks surges to a $7B revenue run-rate with 80% year-over-year growth and closes a massive $5B funding round at a $190B valuation, as the company aggressively expands its AI agent infrastructure with Lakebase, Genie, and Unity AI Gateway.
OpenAI appoints Dali Rajic as its new Chief Revenue Officer, bringing leadership experience from Wiz, Zscaler, and AppDynamics to scale the company's revenue operations and drive global growth, as outgoing CRO Denise Dresser leaves behind a platform boasting over one billion weekly active users and two million business customers.
Databricks acquires Electric, the company behind PGlite, bringing full Postgres database power to phones, browsers, and AI agents via WebAssembly, enabling faster AI-assisted development on low-powered devices while syncing locally-run databases to enterprise cloud systems.
PGlite delivers a fully functional Postgres database directly in browsers and JavaScript runtimes as a tiny 3MB WASM package, supporting persistent storage, pgvector, PostGIS, and zero dependencies.
Microsoft is unveiling its next-generation Maia 300 AI chip as early as September, with over 300,000 units ordered from TSMC for 2027 delivery, as the tech giant makes a bold push to reduce its dependence on Nvidia's GPUs for Azure cloud AI workloads — and is already courting Anthropic as …
Firecrawl launches anydoc, a blazing-fast Rust-based document converter that transforms 14 file formats into clean Markdown in just 4.7 milliseconds — over 200 times faster than its closest multi-format competitor.
Anthropic signs a massive $10 billion computing deal with Nvidia-backed startup Volta Infra Holdings to secure critical data center capacity as demand for its Claude AI surges.
Former OpenAI executive Fidji Simo launches ChronicleBio, an AI-powered startup using home blood draws and 153 terabytes of biological data to identify chronic disease sub-groups and improve clinical drug trial success rates.
Top VC firms including Sequoia, a16z, and Khosla Ventures are pouring billions into nuclear power and critical minerals as AI's explosive energy demands outpace existing infrastructure, with Valar Atomics raising $1 billion for small modular reactors and Mariana Minerals securing $310 million for mining operations.